U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions.
The bond market was closed on Monday, as investors observed the Columbus Day holiday.Market focus is largely attuned to global trade developments, after reports of a partial trade deal between the world's two largest economies.
The U.S. and China held high-level trade talks in Washington late last week, which ended with PresidentAs part of that agreement, Beijing has said it will address intellectual property rights concerns raised by Washington and buy $40 to $50 billion worth of U.S. agricultural products.China has since that it wants another round of talks before signing what Trump described as the first phase of an agreement between the two countries.the story on Monday, saying Beijing also wanted the U.S. to scrap a tariff hike for December.
On the data front, the Empire State Manufacturing Survey for October will be released at 8:30 a.m. ET. The U.S. Treasury is set to auction $45 billion in 13-week bills and $42 billion in 26-week bills on Tuesday.
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